“What the numbers say: Between 1970 and 2021, climate-related disasters resulted in economic losses of around $4.3T, with tropical cyclones responsible for the highest portion of losses at 38%, closely followed by floods which accounted for 32%.

Relevance: According to professional services firm Aon’s 2023 Weather, Climate, and Catastrophe Insight, economic losses from hurricanes increased to $340 billion in 2022, with Hurricane Ian responsible for 30 percent of this global loss.”